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1
How to Build Wealth
2
The Passing of the Tax Cuts and Jobs Act – What You Should Know
3
Investment Moves to Make Before the Year Ends
4
Bitcoin 101 FAQs
5
Self-Employed 401k Contribution Reminder

How to Build Wealth

How you choose to spend or invest your money can have an impact on your net worth. Many of you are familiar with the net worth equation which is Assets – Liabilities = Net Worth. In other words, what you own, minus what you owe, equals what’s yours.

However, what is conventional wisdom isn’t always what’s best. What I mean is, just because something is generally known as an “asset” doesn’t mean it’s going to help your wealth. Here are a few examples.

  1. Your house. While generally considered an asset, and to some, an investment, your home can also drain
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The Passing of the Tax Cuts and Jobs Act – What You Should Know

THURS, DEC 21st, 2017

As you have likely seen in the news, The Tax Cuts and Jobs Act was passed by both the House and the Senate this week. This bill is widely expected to be signed into law by President Trump. The bill brings important changes to most American families – likely including yours.

At Albion Financial Group, we are not accountants nor are we attorneys. However, as a financial advisor, we want to make sure you are aware that this bill likely impacts you and that there are year-end actions that may be financially beneficial.  Most importantly, we …

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Investment Moves to Make Before the Year Ends

You should be looking into financial planning for the coming year but there are some things you can do before the clock strikes midnight on the last day of the year that will be beneficial.  Money magazine offers its readers “7 Investing Moves You Need to Make by December 31.”

If you got a raise, raise your retirement savings rate. It is easy to keep your savings rate the same, especially if you have automatic deductions through a 401(k) with an employer but Money advises:

“If you simply stay the course and fail to raise your contribution rate

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Bitcoin 101 FAQs

MON, DEC 11th, 2017

Bitcoin 101 FAQs:

Bitcoin, and more broadly cryptocurrencies, are seeing increasing news coverage. This has left many wondering: “What is bitcoin and how does it work?” For those trying to better understand bitcoin and cryptocurrencies, here’s our understanding on a handful of frequently asked questions:

What is bitcoin?

Bitcoin is a digital “currency” that can be used to purchase goods and services (only at select locations, for now), or held as a store of speculative value. There are many differences between bitcoin and traditional currency, but the principal difference is that bitcoin is not issued by …

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Self-Employed 401k Contribution Reminder

The 2017 deadline for self-employed individuals to fund their Individual 401k accounts is 12/31/2017. As a reminder, the maximum amount that can be contributed to the 401k as an employee is $18,000 for 2017 ($24,000 if age 50 or older).

Individual 401k account owners will still have the opportunity to fund the employer portion of their 401k accounts up until their tax filing deadline (including extensions) with a maximum of $36,000 for 2017.

Please contact us you have any questions about how to fund your account before year end.

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